The internal combustion engine (ICE) has had a remarkably successful century and a half. Unfortunately, it’s notoriously inefficient, wasting anywhere from 30 to 99 percent of the energy it produces and spewing unburned fuel into the air. Last week, Gizmag interviewed Dr. Alexander Shkolnik, President and CEO of LiquidPiston, Inc. about the company's LiquidPiston X2 – a 40-bhp rotary engine that burns a variety of fuels and requires no valves, cooling systems, radiators or mufflers, yet promises a thermodynamic efficiency of 75 percent. (Update: The engine has a goal of achieving a 57 percent brake efficiency.)

Co-founder of LiquidPiston with his father Nikolay, Dr. Shkolnik believes that the internal combustion engine is at the end of its development cycle. According to Shkolnik, after 150 years the ICE has made as many incremental improvements as it can. Many varieties of ICE, such as the Otto cycle used by petrol engines and the Diesel cycle, have had their successful points, but all fall short of being as efficient at they could be. Even what seem like very efficient engines, like the diesel, aren't as good as they might appear.